An Australian mortgage broker can work with more than one aggregator only when their agreements, licence arrangements and lender accreditations allow it. The broker must check written terms before placing business through a second aggregator.
Multiple memberships add cost and operational risk. They make sense only when the second arrangement solves a clear panel, service or business need that the first cannot meet.
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Check The Agreements First
A mortgage aggregator agreement may contain exclusivity, minimum volume, data ownership or termination clauses. mortgage brokers should obtain written confirmation when a clause is unclear and record which group controls each lender accreditation.
Operational Controls
- Keep one client record as the source of truth.
- Record which aggregator receives each application.
- Reconcile commissions against the correct agreement.
- Apply the same compliance review to every channel.
- Control staff access when systems overlap.
Two platforms can fragment customer relationship management data. They can also create duplicate client records. Define a written handoff before the first submission.
Compare The Practical Benefit
Compare current lender panels, support and loan processing before adding a membership. Include fees and training time. Confirm how each group handles professional development.
Large groups such as AFG, choice and Connective use different agreements and systems. Current terms matter more than brand familiarity. Use one client record for all client relationships. Record which aggregator receives each application so the application process can be audited.
